Erik Bornstein, the founder and CEO of Toolbx, estimates contractors who send workers to fetch supplies two or three times a week will incur up to $15,000 in unnecessary labor costs. His solution, Toolbx, delivers building materials to jobsites to remove the hassle and inefficiency of sending workers off jobsites, according to the Daily Commercial News.
“I began to think about the idea behind Toolbx a little more than three years ago when I became frustrated by the inefficiency created by workers leaving the jobsite and taking vehicles with them on unscheduled supply runs,” he says.
“Toolbx creates a place to order and manage all of your materials under one roof, so you don’t have to manage multiple accounts,” he says. “And you can get those building materials when you need them.”
Toolbx serves the Greater Toronto Area, although it’s looking for other cities to which it can expand. Contractors can contact Toolbx via app, phone, or online to order materials. The company doesn’t warehouse any of the supplies it provides. Instead, it maintains relationships with suppliers so it can pick up materials at a moment’s notice.
The company advertises competitive pricing on materials and charges a variable delivery fee, based on distance, load size, and the speed of delivery. That speed ranges from next day to same day or within two hours. Customers are incentivized to choose next-day delivery through delivery fee discounts.
Read More
